10 Tipping Points for the Payments Industry Part 10 Years and years of finger-crossing while pushing ever-more unprotected financial account data across an expanding array of vulnerable origination points and networks have come to a sudden and long overdue demise. When and how the electronic payments industry finally gets serious …

A recent survey indicates debit card issuers may be overreacting to database breaches that compromise card data held by merchants. Nine out of 10 debit card issuers have received notice in the last few years that their cards could have been compromised in a breach, and of these, some 87% …

10 Tipping Points for the Payments Industry Part 9 The very existence of 17,000 financial institutions in this country defies most conventional economic logic, which says efficient markets usually consolidate and concentrate around the biggest and best participants. But in the payments realm, bigger is not always better. That's why …

10 Tipping Points for the Payments Industry Part 7 Bubbling like a witch's cauldron in the heart of the electronic payments industry's turmoil over signature cards is the strange and self-destructive contention between the two primary ways of getting funds out of your checking accounts with a bank card. Banks …

In a deal that continues a trend toward consolidation among tech companies in the payments industry, bill-payment services provider CheckFree Corp. on Wednesday announced that it plans to buy online-banking software maker Corillian Corp. for $245 million. The acquisition, which will produce a nice Valentine's Day windfall for Corillian shareholders, …

Credit card industry veteran Joseph W, Saunders has resigned his position as president of card services at Washington Mutual Inc. to become executive chairman of Visa Inc., the entity Visa announced last fall as the planned publicly held company embodying all of its worldwide operating divisions except that for Europe …

In what may mark the first time either side in the long-running dispute between merchants and card companies over interchange pricing has tried to measure public opinion on the matter, a merchant lobbying group this week released a survey indicating 94% of consumers agree that card networks should be required …

10 Tipping Points for the Payments Industry Part 4 Although the payments business has historically evolved at a glacial pace, the massive shift in consumer payments from physical to electronic forms is moving at light speed by comparison, making debit accounts the preferred means of funding transactions in every conceivable …

Banks' efforts to rid ATM deposits of pesky?and costly?envelopes took a step forward on Tuesday with Wells Fargo & Co.'s announcement that it plans to add 825 new machines by year's end that will accept deposits without envelopes. Wells will deploy some 150 of the new ATMs, which allow customers …

The sudden proliferation of Web sites hosting phishing attacks that began in October cooled only slightly in November, as online fraudsters continue to create multiple sub-domains to foil anti-phishing filters. The number of unique phishing sites came to 37,439, essentially flat with the 37,444 reported for October, according to the …